June 6, 2022 1 minute read

Market Report: May 2022

It’s almost summer! Before the heat kicks in, let’s take a look back at some of the trends we saw across the region in the month of May:

In Cambridge, while the number of single-family homes sold decreased 33% year-over-year, inventory remains tight. 8 homes were sold compared to last year’s 9. Condos saw almost a 21% decrease in year-over-year sales, down to 65 homes sold compared to 83 in 2021. Average list prices were up 8.4% (compared to 23% in April) and days on market remain substantially down.

Boston continues to show varying trends across its different neighborhoods. While the number of condos sold in Back Bay decreased 40% since 2021, the number sold on the Waterfront increased 100%. The single-family market continues to be tight.

 


Sean Persson

Author

Sean Persson is the Director of Residential Services at Senné. In his role, he works closely with the Executive Director to implement recruitment, training, and expansion initiatives as part of the company’s growth strategy.

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